NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

 

 

CHAPTER 832

SENATE BILL 479

 

 

AN ACT TO RAISE THE MINIMUM AMOUNTS OF FINANCIAL RESPONSIBILITY FOR AUTOMOBILE LIABILITY INSURANCE THAT ARE REQUIRED UNDER THE MOTOR VEHICLE SAFETY AND FINANCIAL RESPONSIBILITY ACT OF 1953.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 20-279.1(11) is amended as follows:

(a)  in line 4, by substituting the word, "twenty-five" for the word, "fifteen";

(b)  in line 5, by substituting the amount, "($25,000)" for the amount, "(15,000)"; and

(c)  by rewriting line 7 to read: "in the amount of fifty thousand dollars ($50,000) because of bodily"; and

(d)  by rewriting line 9 to read: "the amount of ten thousand dollars ($10,000) because of injury to or".

Sec. 2.  G.S. 20-279.5 is amended in the final paragraph as follows:

(a)  by rewriting line 19 to read: "of not less than twenty-five thousand dollars ($25,000) because of bodily injury to"; and

(b)  by rewriting line 21 to read: "person, to a limit of not less than fifty thousand dollars ($50,000) because of"; and

(c)  by rewriting line 24 to read: "less than ten thousand dollars ($10,000) because of injury to or destruction of".

Sec. 3.  G.S. 20-279.15(1) is amended by rewriting line 1 to read: "(1) When twenty-five thousand dollars ($25,000) has been credited upon any".

Sec. 4.  G.S. 20-279.15(2) is amended as follows:

(a)  by rewriting line 1 to read: "(2) When, subject to such limit of twenty-five thousand dollars ($25,000) because";

(b)  in line 2 by substituting the word, "fifty" for the word, "thirty"; and

(c)  in line 3, by substituting the amount, "($50,000)" for the amount, "($30,000)".

Sec. 5.  G.S. 20-279.15(3) is amended by rewriting the first line to read: "(3) When ten thousand dollars ($10,000) has been credited upon any".

Sec. 6.  G.S. 20-279.21(b)(2) is amended as follows:

(a)  in line 8, by substituting the word, "twenty-five" for the word, "fifteen";

(b)  in line 9, by substituting the amount, "($25,000)" for the amount "($15,000)"; and

(c)  by rewriting line 11 to read: "fifty thousand dollars ($50,000) because of bodily injury to or death"; and

(d)  in line 12, by substituting the word "ten" for the word, "five"; and

(e)  in line 13, by substituting the amount, "($10,000)" for the amount, "($5,000)".

Sec. 7.  G.S. 20-279.21(b)(3) is amended as follows:

(a)  by rewriting line 13 to read: "twenty-five thousand dollars ($25,000) because of bodily injury to or death"; and

(b)  by rewriting line 15 to read: "person, fifty thousand dollars ($50,000) because of bodily injury to or"; and

(c)  by rewriting line 23 to read: "accident of ten thousand dollars ($10,000) and subject, for each insured,".

Sec. 8.  G.S. 20-279. 25(a) is amended by rewriting the first sentence to read:

"(a)       Proof of financial responsibility may be evidenced by the certificate of the State Treasurer that the person named therein has deposited with him sixty thousand dollars ($60,000) in cash, or securities such as may legally be purchased by savings banks or for trust funds of a market value of sixty thousand dollars ($60,000)."

Sec. 9.  G.S. 20-280(b) is amended as follows:

(a)  in line 10, by substituting the word, "twenty-five" for the word, "fifteen";

(b)  in line 11, by substituting the amount, "($25,000)" for the amount, "($15,000)"; and

(c)  by rewriting line 12 to read: "and, subject to said limit for one person, fifty thousand dollars ($50,000)"; and

(d)  by rewriting line 14 to read: "and ten thousand dollars ($10,000) because of injury to or destruction of property".

Sec. 10.  G.S. 20-280(c) is amended as follows:

(a)  by rewriting line 10 to read: "shall be as follows: twenty thousand dollars ($20,000) because of bodily injury to"; and

(b)  by rewriting line 12 to read: "person, forty thousand dollars ($40,000) because of bodily injury to or death"; and

(c)  by rewriting line 13 to read: "of two or more persons in any one accident, and ten thousand dollars ($10,000)".

Sec. 11.  G.S. 20-281 is amended as follows:

(a)  by rewriting line 13 to read: "subject to the following minimum limits: twenty‑five thousand dollars ($25,000)";

(b)  in line 14 by substituting the word, "fifty" for the word, "thirty"; and

(c)  in line 15 by substituting the amount, "($50,000)" for the amount, "($30,000)"; and

(d)  by rewriting line 16 to read: "persons in any one accident, and ten thousand dollars ($10,000) because of injury".

Sec. 12.  This act will not affect any policy in effect on the effective date of this act nor will this act affect pending litigation.

Sec. 13.  This act shall become effective on January 1, 1980.

In the General Assembly read three times and ratified, this the 7th day of June, 1979.